Short Interest in Neonc Technologies Holdings, Inc. (NASDAQ:NTHI) Rises By 19.9%

Neonc Technologies Holdings, Inc. (NASDAQ:NTHI) was the recipient of a significant growth in short interest in January. As of January 30th, there was short interest totaling 172,947 shares, a growth of 19.9% from the January 15th total of 144,184 shares. Based on an average daily trading volume, of 68,792 shares, the short-interest ratio is currently 2.5 days. Based on an average daily trading volume, of 68,792 shares, the short-interest ratio is currently 2.5 days.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NTHI. Zacks Research raised shares of Neonc Technologies to a “hold” rating in a research note on Wednesday, January 14th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Neonc Technologies in a research note on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce”.

Insider Buying and Selling at Neonc Technologies

In other Neonc Technologies news, President Amir F. Heshmatpour acquired 6,000 shares of Neonc Technologies stock in a transaction that occurred on Monday, November 24th. The shares were acquired at an average cost of $6.51 per share, with a total value of $39,060.00. Following the completion of the purchase, the president directly owned 2,992,000 shares of the company’s stock, valued at $19,477,920. This represents a 0.20% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders have purchased 31,100 shares of company stock worth $192,099.

Hedge Funds Weigh In On Neonc Technologies

Several institutional investors have recently added to or reduced their stakes in NTHI. HighPoint Advisor Group LLC raised its position in Neonc Technologies by 424.8% in the third quarter. HighPoint Advisor Group LLC now owns 950,232 shares of the company’s stock valued at $8,628,000 after purchasing an additional 769,163 shares during the period. SLT Holdings LLC purchased a new stake in shares of Neonc Technologies in the third quarter valued at about $100,000. Global Retirement Partners LLC acquired a new stake in shares of Neonc Technologies in the third quarter valued at about $434,000. Foundations Investment Advisors LLC acquired a new stake in Neonc Technologies in the 3rd quarter valued at about $100,000. Finally, Westmount Partners LLC grew its holdings in Neonc Technologies by 7.7% during the 4th quarter. Westmount Partners LLC now owns 43,320 shares of the company’s stock valued at $358,000 after buying an additional 3,112 shares during the last quarter.

Neonc Technologies Stock Performance

NTHI stock traded down $0.98 on Tuesday, reaching $9.26. The company’s stock had a trading volume of 52,580 shares, compared to its average volume of 67,664. Neonc Technologies has a 12-month low of $3.20 and a 12-month high of $25.00. The business has a fifty day simple moving average of $9.09 and a two-hundred day simple moving average of $8.84.

Neonc Technologies (NASDAQ:NTHI) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.45) earnings per share for the quarter.

Neonc Technologies Company Profile

Neonc Technologies Holdings, Inc develops novel molecular technology that provides enhanced targeted delivery of technologies for treating central nervous system diseases. Its lead products in development include NEO100, which is in Phase 2a clinical trials for treating glioblastoma; and NEO212, a covalently conjugated molecule combining the chemotherapeutic drug temozolomide with perillyl alcohol that is completed preclinical testing. The company was incorporated in 2023 and is based in Los Angeles, California.